The Black Phoenix Group LLC (“BPG”), a private investment firm focused on American businesses, announced the acquisition of PACCAR Winch (or the “Company”) from PACCAR Inc. (NASDAQ: PCAR). Black Phoenix Group acquires PACCAR Winch in a transaction finalized on October 31, 2024. The financial terms of the acquisition are undisclosed.

PACCAR Winch is a leading manufacturer of industrial winches, hoists and drive systems. The Company designs and manufactures a wide variety of engineered solutions under the BRADEN, CARCO and Gearmatic brand names. PACCAR Winch will continue to operate under its current management team. This acquisition marks a significant milestone for BPG as it continues expanding its industrial portfolio.

Bryce Fisher and Mark Pickett, partners at The Black Phoenix Group said “We are thrilled to welcome PACCAR Winch into the Black Phoenix Group family. The Company’s strong market position and commitment to quality aligns perfectly with our investment strategy to acquire leading American businesses led by excellent management teams.”

Mike Rogers, CEO of PACCAR Winch, commented, “We are excited to join forces with Black Phoenix Group. Their support will enable us to continue our tradition of excellence in manufacturing while pursuing new growth opportunities. We look forward to leveraging their expertise to enhance our capabilities and expand our market reach.”

PACCAR Inc., a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates, will not be making a statement regarding this transaction.